Unitil Corporation (UTL) Formed Bullish Wedge Up Pattern; Buyers Could Thrive

June 20, 2017 - By Nellie Frank

Investors sentiment decreased to 1.11 in 2016 Q4. Its down 0.51, from 1.62 in 2016Q3. It worsened, as 10 investors sold Unitil Corporation shares while 36 reduced holdings. 12 funds opened positions while 39 raised stakes. 8.12 million shares or 0.69% more from 8.07 million shares in 2016Q3 were reported.
Monarch Partners Asset Mngmt Ltd Com holds 0.48% of its portfolio in Unitil Corporation (NYSE:UTL) for 125,313 shares. American Int Gp has 0% invested in Unitil Corporation (NYSE:UTL). Victory, Ohio-based fund reported 13,984 shares. Bnp Paribas Arbitrage holds 1,616 shares or 0% of its portfolio. Acadian Asset Management Ltd invested in 0.07% or 300,511 shares. Panagora Asset Management holds 0.01% or 50,016 shares in its portfolio. 69,000 are held by Gabelli Funds Lc. Fuller And Thaler Asset Inc accumulated 915 shares. Company Of Vermont reported 515 shares stake. Northwestern Mutual Wealth Mgmt holds 0% of its portfolio in Unitil Corporation (NYSE:UTL) for 25 shares. Evercore Wealth Lc invested in 500 shares. Schroder Gp owns 0% invested in Unitil Corporation (NYSE:UTL) for 3,794 shares. Blackrock Advisors Limited Liability reported 7,768 shares stake. Parametric Portfolio Lc holds 0.01% or 86,306 shares in its portfolio. Great West Life Assurance Com Can stated it has 0% of its portfolio in Unitil Corporation (NYSE:UTL).

The stock of Unitil Corporation (UTL) formed an up wedge with $50.48 target or 3.00 % above today’s $49.01 share price. The 9 months wedge indicates low risk for the $676.17 million company. If the $50.48 price target is reached, the company will be worth $20.29M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

About 6,996 shares traded. Unitil Corporation (NYSE:UTL) has risen 18.00% since June 20, 2016 and is uptrending. It has outperformed by 1.30% the S&P500.

Analysts expect Unitil Corporation (NYSE:UTL) to report $0.21 EPS on July, 20.They anticipate $0.03 EPS change or 16.67 % from last quarter’s $0.18 EPS. UTL’s profit would be $2.90 million giving it 58.35 P/E if the $0.21 EPS is correct. After having $0.88 EPS previously, Unitil Corporation’s analysts see -76.14 % EPS growth.

Unitil Corporation (NYSE:UTL) Ratings Coverage

Among 2 analysts covering Unitil Corporation (NYSE:UTL), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Unitil Corporation has $38 highest and $37 lowest target. $37.50’s average target is -23.49% below currents $49.01 stock price. Unitil Corporation had 3 analyst reports since July 24, 2015 according to SRatingsIntel. RBC Capital Markets upgraded Unitil Corporation (NYSE:UTL) on Monday, April 25 to “Sector Perform” rating. Janney Capital downgraded the stock to “Neutral” rating in Thursday, October 15 report. Janney Capital upgraded the stock to “Buy” rating in Friday, July 24 report.

More recent Unitil Corporation (NYSE:UTL) news were published by: Globenewswire.com which released: “Unitil Files for an Increase in Natural Gas Distribution Rates for New …” on June 05, 2017. Also Globenewswire.com published the news titled: “Unitil Energy Files for a Change in Electric Distribution Rates for New …” on April 29, 2016. Globenewswire.com‘s news article titled: “Unitil Files for a Change in Gas and Electric Distribution Rates for …” with publication date: June 16, 2015 was also an interesting one.

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